When you receive your New Jersey car insurance quote, you may be a little shocked. Car insurance can be expensive in New Jersey, particularly if you've moved from another state. But there are ways to save money on your New Jersey car insurance if you just know some basic information.
New Jersey's required car insurance comes in two basic options. The minimum required coverage comes in a package called the "Basic" policy. This includes liability minimums of 15/30/5. This means $15,000 per person for injuries you cause, up to $30,000 per accident and $5000 for property damage. The policy also includes Personal Injury Protection (PIP) coverage of at least $5000. This coverage pays for your medical expenses and those of your passengers, regardless of who is at fault in an accident. The second package on a New Jersey car insurance quote is the "standard" policy option. This policy includes the same items as the basic policy, but liability minimums are raised to $10,000 per person, as is property damage. PIP remains at $5000.
New Jersey is a "choice-no fault" state, meaning that you can buy your New Jersey car insurance under the no fault system, or reject the no fault system and have the right to sue in the event of an accident with bodily injuries. Purchasing your insurance under the "no fault" system, also known as the limitation on lawsuit option will reduce your premiums. Choosing this option will limit your right to sue the other party for pain and suffering except in cases of death or permanent injury.
Another great way to save money on your New Jersey car insurance quote is to choose your regular healthcare insurance provider as your primary insurer in case of an accident. Because your PIP insurance through your car policy will then become secondary, you'll save money on your premiums. Before you make this choice on your car insurance policy, discuss it with your primary healthcare provider, just in case there are any problems.
New Jersey's standard policy packages come with a standard $250 deductible. However, you can choose a higher deductible if you can afford a higher "out of pocket" expense in the event of an accident. Choosing a deductible of $500 or $1000 will save you money on your premiums.
These are just a few of the ways to save money on your New Jersey car insurance quote. Talk with your agent and review the coverage you desire. It's likely that your agent can come up with more ways to reduce your premiums while keeping you appropriately covered.
|
"Your quick & easy quoting system allowed me to compare quotes from 4 different companies one after the other. Each quote was cheaper than the last! 15 minutes really can save you a lot of money on your car insurance." |
|
"I had no idea I could get a student discount until I read these tips. I shopped around and found insurance almost $200 cheaper than what I was paying." |
|
"I used your tips and then compared prices from 3 different insurance providers. It took me 15 minutes and I saved over 15% on the third provider. I should have done this months ago!" |
|
|
